Buying unlisted shares
Buy unlisted shares and get into the companies before they reach the stock exchange. With Eqvor you create an account free of charge with Swedish or Norwegian BankID, see market activity in real time and place your order directly on the site. You own the shares entirely yourself or through your holding company.
Create a free account
1Place an order
2Sign with BankID
3Follow the order to completion
Invest in unlisted shares, fully digitally
You own the shares directly
No crowdfunding or SPV. You own the shares directly and place buy and sell orders digitally. A trade requires a counterparty and completion cannot be guaranteed.
No ongoing fees
No management fee, no structuring fee and no performance fee. Creating an account is free of charge.
Real prices in real time
The only place where you can see real share prices for unlisted shares in real time.
How do I trade unlisted shares? Five steps from account to delivery
- 1
Create an account
Register quickly and securely with Swedish or Norwegian BankID. In under 30 seconds you are on the platform. It is completely free and you are not committed to anything.
- 2
Go to the share you want to trade
On every company page you will find the funding history, key figures, price data, valuation multiples, ownership structure and other relevant company information.
- 3
Place your order directly on the site
Click buy, enter price and volume, and we handle the rest. The minimum order value is 50,000 SEK. You do not need to email back and forth, print out contracts or chase documents.
- 4
Sign the agreement
Once you have placed an order, the agreement is sent to your email and you sign it securely with BankID.
- 5
Become the registered owner
If the company is connected to Euroclear, the shares are sent to the custody account you choose. If the company keeps its own share register, you are entered as an owner directly in the company's share register.
Companies you can buy right now
A selection of the most popular unlisted shares on Eqvor. On the company page you can see the funding history, key figures and ownership structure before you place your order.
Investing in unlisted shares before they list
Unlisted shares are ownership stakes in companies that are not listed on a public stock exchange. Instead they are traded through brokers, such as Eqvor. That gives you the chance to join a company's journey at an early stage and to broaden your portfolio beyond funds and listed holdings.
The unlisted market has long been one of manual processes and little transparency. With Eqvor you see historical pricing, active buy and sell orders and the latest transactions in every company, so that you can compare the price you are prepared to pay with what the share has actually traded at. You can follow upcoming listings in the IPO calendar.
With Eqvor you can buy shares in unlisted companies, from smaller growth companies and startups to larger, internationally known businesses. See which companies can be traded in the list of unlisted shares, for example Koenigsegg, Blykalla, Stegra, Nordiska and Doktor.se.
Koenigsegg
Blykalla
Stegra
Nordiska
Doktor.seHow do you buy unlisted shares?
You choose the company, price and volume. After that everything happens digitally, from placing the order to matching, agreement and payment. It is faster and smoother than traditional broking.
How long a trade takes depends on the share, the size of the order and how complex it is, from a few minutes to a couple of weeks. We can never guarantee completion. Once the order has been completed, it usually takes five banking days before the shares and the payment have been transferred.
If the company is subject to pre-emption rights or post-transfer purchase rights (hembud), it says so on the company page, so that you know what applies before you place your order. Read more about how settlement, custody and post-transfer purchase rights work.
Settlement works differently depending on whether the shares are registered with Euroclear or not.
Euroclear-registered companies
For Euroclear-registered companies, settlement takes place through Alpcot AB with a DVP arrangement, Delivery versus Payment. Delivery of the shares and payment happen simultaneously, shares and money change owner at the same moment, which eliminates counterparty risk and ensures a secure transfer of ownership for both buyer and seller.
Companies with their own share register
For companies that are not Euroclear-registered, we instead draw up a purchase agreement between the parties. As the buyer, you transfer the payment according to the agreed terms and we make sure that the share transfer is correctly registered in the company's share register. In the companies where it is required, we also handle pre-emption and post-transfer purchase right processes under the articles of association or the shareholders' agreement.
Buying shares in unlisted companies: what it costs
Creating an account is completely free and you are not committed to anything. We charge no management fee, no structuring fee and no performance fee.
You only pay when a trade goes through. The transaction fee is usually 3% of the volume and can vary with the size of the order, which security it concerns and how complex the order is. If the order is not completed, you pay nothing. The minimum order value is 50,000 SEK.
You set the share price yourself when you place the order, and in the order view you see what you will pay in total, including the brokerage fee, before you send it. What applies to each trade is set out in the price list, which you will find under information on licences and supervision.
New share issues
Besides buying from an existing owner, you can take part in a new share issue. We can help with any new share issues in the companies.
The difference lies in where the money goes. When you buy from an existing owner, the payment goes to the seller and the number of shares in the company stays the same. In a new share issue, the company issues new shares and the capital goes to the company, often to finance growth, product development or expansion.
The subscription price is set before the issue opens and subscription takes place during a fixed period. Anyone who does not take part in an issue has their ownership stake diluted when more shares are issued, so it is worth understanding why the company is raising money and on what terms.
Risks of unlisted shares
When you invest in shares there is always a risk that you lose part or all of the capital you invested, so never invest more than you can afford to lose. Shares that are not listed have lower liquidity, which means that they are harder to buy and sell than listed shares. Unlisted companies are not subject to the same disclosure requirements as listed ones, which means that access to information can be more limited.
Fewer trades also mean larger price differences between trades, and that can make the share harder to value. There is no guarantee that there will be a buyer when you want to sell, and pre-emption rights, post-transfer purchase rights or terms in a shareholders' agreement can affect how and when a sale can go through.
Unlisted companies often raise new capital in several rounds, and every new share issue you do not take part in dilutes your ownership stake. Read up on the company, spread the risk across several holdings and invest with a time horizon that suits a market where it can take time to find a counterparty. If this is your first time trading unlisted shares, read the beginner's guide.
Get to know the companies before you buy
In our podcast Vägen till exit we meet the founders and CEOs behind the unlisted companies traded on the platform. A new episode every Tuesday. These are conversations that go beyond the press release, with the people who make the decisions in the companies you can invest in.
If you are looking for companies on their way to the stock exchange, you will find upcoming listings in our IPO calendar, and ongoing company news in the news.
2026-09-29 · Episode 19Oscar Werner, VD Gilion: Från Sinch till 180 miljoner euro i lån – utan en enda kreditförlust
2026-09-22 · Episode 18Martin Almgren, VD Lyvia Group: Det här letar en köpare efter i ditt bolag
2026-09-15 · Episode 17Olov Renberg, BehavioSec: Från 250 miljoner i riskkapital till uppköp av LexisNexis
2026-09-08 · Episode 16Elin Morales, VD Airmee: Från elitfotboll till 770 miljoner i omsättning
2026-08-25 · Episode 15Ali Ghoce, Gordon Delivery: 99 procents träffsäkerhet – från någon som aldrig jobbat med logistik
2026-08-18 · Episode 14Börje Haraldsson, VD Oncorena: Han vill bota njurcancer med ett dödligt svampgift
After the trade.
TrustpilotRead all reviews”Jag ville köpa lite Klarna innan deras IPO och hittade Eqvor. Första gången jag köper onoterat så det kändes viktigt att få rätt hjälp. Jag fick snabbt förtroende för Felix på Eqvor som hjälpte mig genom hela processen. Felix är seriös, kunnig och väldigt kommunikativ. Rekommenderar starkt.”
”Jag sökte Klarna aktier på nätet och hittade företaget Eqvor och där personen Felix. Jag har fått en fantastisk service och stort förtroende för honom. Utifrån min erfarenhet så kan jag varmt rekommendera Felix på Eqvor. Det blev affär.”
”Eqvor kontaktade mig då de hade en köpare i A3P. Var bra timing för jag ville sälja av lite så det löste sig riktigt snabbt. Var seriösa och snabba.”
”Eqvor hjälpte mig att sälja mina aktier från Doktor.se genom att hitta en köpare inom en kort tidsperiod. Försäljningsprocessen var mycket transparent och smidig. Rekommenderar starkt att använda dem.”
”Jag kontaktade Eqvor för att sälja aktier i A3P. Det gick snabbt och smidigt utan några problem. Rekommenderas starkt.”
”Riktigt bra upplevelse med Eqvor. Smidig plattform, tydlig funktionalitet och märks att de ligger i framkant när det gäller onoterat. Känsla av trygghet och kunskap rakt igenom min upplevelse. Rekommenderas starkt!”
”Väldigt snabb och bra service!”
Ready to trade unlisted shares?
Create an account free of charge and explore the companies. You are not committed to anything.
Further reading
If this is your first time trading unlisted shares, start with the beginner's guide and the glossary. The full range is in the list of unlisted shares.
Trade securely and under supervision
- Under the supervision of Finansinspektionen
Eqvor Securities AB is a tied agent of Alpcot AB, an investment firm supervised by the Swedish Financial Supervisory Authority.
FinansinspektionenAbout the supervision→ - Brokers for unlisted shares
Eqvor's brokers are specialists in unlisted shares. They guide you through the whole trade, answer your questions and actively look for a counterparty to your order when one is needed.
- Structured processes
Every order is signed with BankID. In companies connected to Euroclear, shares and money change hands at the same time, as they do on an exchange. In companies with their own share register, Eqvor makes sure you are entered into it and receive proof of ownership.
How it works→
Frequently asked questions about buying unlisted shares
How do you buy unlisted shares?
With Eqvor you create an account with Swedish or Norwegian BankID, go to the share you want to trade and place an order with price and volume directly on the site. The agreement is sent to your email and you sign with BankID, and once the transaction is complete the shares are delivered to the custody account you choose. If the company keeps its own share register, you are instead entered as an owner directly in the company's share register.
What does it cost to buy shares in unlisted companies with Eqvor?
Creating an account is free of charge and you are not committed to anything. We charge no management fee, no structuring fee and no performance fee.
Do I own the shares directly or through a holding company or SPV?
You own the shares entirely yourself. There is no crowdfunding and no SPV between you and the company.
Who handles the administration in a trade?
We do. Everything happens digitally, from placing the order to matching, agreement and payment. In the companies where it is required, we also handle pre-emption and post-transfer purchase right processes under the articles of association or the shareholders' agreement.
What information is there about the companies?
On every company page you will find the funding history, key figures, price data, valuation multiples, ownership structure and other relevant company information, gathered in one and the same place.
Is Eqvor authorised by Finansinspektionen?
Eqvor Securities AB (559379-7151) is a tied agent of the investment firm Alpcot AB (556963-4180). The tied agency is registered with Bolagsverket, the Swedish Companies Registration Office, and Alpcot AB is supervised by Finansinspektionen, the Swedish Financial Supervisory Authority. As a tied agent we are authorised to receive and transmit orders relating to investment services and financial instruments, and to market investment and ancillary services.
Do I need to sign an agreement when I trade unlisted shares?
Yes, a share transfer is always documented. The agreement is sent to your email and you sign it with Swedish or Norwegian BankID. The general terms and conditions and other legal documents are under information on licences and supervision.